Ann: Resignation of Non-Executive Director, page-36

To be honest, what's going to happen, I don't know.
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And there is still 3 days to Tuesday. If there was no Tony announcement, as I have written, I expected a reverse from here, or from high 3s. one of the reasons I played today and bought small amount at 4.4. But things have changed after Tony resignation.
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With whatever has happened today, there is one thing which constantly comes to my mind, and I have no answer. As I wrote in my post. Datt spent millions building this position. There can be 2 very different path from here.
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Hole 5 was not great. Hole 6 inkling that it may not be great. Datt decides to accept. Today nearly 100m shares were traded. Every time, 4.5 was bought, it was loaded up. From our conspiracy theory we may want to believe that Datt was selling. But who was buying? Retail? Not 100m shares or close to it. So that logic that Datt was selling I am still not sure. But one thing is sure, someone big was selling. As someone pointed out his average was around 4.5, so he may have thought to exit at break even whatever is possible.
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The thing which still rankles me, is that Datt spent millions to build this position. For months. How can he suddenly lose all. He seemed to have a good idea about resource, so unless we don't know something, his theory stands. Also he is a veteran. But we all make mistakes. If Tony had not resigned, I may have a different view. I dont understand why Tony resigned, and more importantly its implications, honestly I don't know what will happen to SP. But lets take a position - we don't know anything else before Tuesday. There is a good chance then that SP may drop to 3s before it gets to 5s. Broadly. I hope not for my small holding, but more probable, so I will rather say that than some who want to earn brownie points. All the best.